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ArmoredThirteen ,

I’m on a generic of truvada as a preventative. 30 days can be $1500-2000 for name brand no insurance. I get mine for $5 and somehow my insurance, the pharmacy, and the manufacturer are all still making enough money off that $5 to not complain. How the fuck are they getting away with the $2k pricetag

Drusas ,

Oh no, I just looked it up and learned that I get my multi-thousand dollar per month medication for free thanks to a program sponsored by Nestle. I feel dirty. But I also need my medication.

BeMoreCareful ,

The government foots a lot of the bills, so patients need to apply for medical assistance. At least the people I’ve known.

Etterra ,

Medical science: with this we could cure everyone in earth of the disease for only $20!

Pharmaceutical industry: Okay that goes in the vault forever. Now make us one that just treats the symptoms and we’ll charge $5,000 a month for it.

satanmat ,

Yes! And if you think that’s evil, wait til you find out about dynamic pricing;

Charge people differently; setting the price to the maximum that each can handle…

That is at the core of modern capitalism; maximizing profits. yes it is too bad so sad that some people die; they should have worked harder to have gotten better jobs

JusticeForPorygon ,
@JusticeForPorygon@lemmy.world avatar

Fucking surreal that people actually think like this.

whostosay ,

Even worse it is allowed, and even celebrated.

ricecake ,

They’re goal is to sell to each person for exactly the most that they can get the person to pay.
A lot of people get the medication through insurance, meaning they’re just gouging another leach.
The insurance will pay because the medicine is just cheaper than what it would cost them if you didn’t get it.

If you don’t have insurance, they have programs to try to gouge you at more plausible rates that they refer to in compassionate language.

If you’re a third world, they try to price gouge in terms affordable for the market.

About the only place they charge a fair price is in places they think the government might just set price ceilings.

themeatbridge ,

You can make $12 selling it to 100,000 or you can make $42,000 selling it to 29 people and make more.

Brkdncr ,

Bro, were you born in a socialist barn or something?

MECHAGIC OP ,
@MECHAGIC@lemmy.world avatar

I don’t live in America

shani66 ,

It’s better, from a capitalist’s pov, to sell something to a single person for a grand than it is to sell to a hundred for a dollar. Especially if that keeps misery high.

SendMePhotos ,

Imagine prior to Obama Care where an insurance company could deny you for having a preexisting condition.

Honytawk ,

Its even still better than if they asked thousands of patients a dollar.

Less overhead.

Willie ,

But if they have more customers then they have to spend more resources making more product. So 1 customer at 1000x the price is more valuable than 1000 customers at the a lower price. If it costs 28 dollars to make a year’s worth of doses like this screenshot claims, then they’d make $42,222 charging a single customer the current price, while they’d only make $12,000 charging 1,000 customers the proposed price.

So for the company to make more money than they are now, they’d need 3,519 new customers for every one current customer. Since Google says there are 1.2 million people with HIV in the United States, if they have more than 342 current customers in the united states, they are making more now than they could ever make at the proposed price. Therefore the amount of new customers is almost certainly not worth it to them.

Money seems to ruin pretty much everything about healthcare.

MECHAGIC OP ,
@MECHAGIC@lemmy.world avatar

Thanks for the answer, sucks that it works that way

Rivalarrival ,

It doesn’t work that way at all.

Pricing strategy generally calls for optimizing return. They calculated that this company has 342 customers. Each customer adds $28 in costs. The unknown is how many additional customers will choose to buy at a particular price point.

If we halve the price paid by the customer (and add $28 to account for our increased costs) will we at least double our customer base to 684?

If we halve that price again (and add another $28), will we at least double our customer base again, to 1368?

At some point, lowering the price any further will not gain enough customers, and that is the minimum price we can charge while maintaining our current profits.

If they lowered their price point to, say, $2700/yr, they would only need to add about 5100 new customers to break even with their $42,222 price. I think they would attract a hell of a lot more than 5100 new customers at that price point.

Rivalarrival ,

Just to expand your math in a different direction, going from 342 customers to 684 adds $9576 in costs, but cuts the price by 1/2 (plus $28). $21,139.

Going from 684 customers to 1368 adds another $19152. They break even at a $10,598 price point.

From 1368 to 2736 customers adds another $38304 in costs, but reduces the break even price point to $5327.

From 2736 to 5472 customers, another $76608 in costs, and a break even price point of $2685.

They are recouping all their additional costs, and making exactly the same profit charging 5472 people $7/day instead of 342 customers $115/day.

How many of those 1.2 million HIV patients can afford $7/day? If just 1% of them are willing to pay $7 a day, they will more than double their profits.

als ,

When the choice is die other price gouged, people take the second option. Insurance likely pays this all in weird ways too. I’m sure some numbers were crunched to work out how many people they let die and how much more profit it’ll make them.

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